TaxConnex
FEBRUARY 3, 2022
Sales tax has evolved a lot in recent years. So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. And why not? According to the Tax Policy Center, money collected from sales tax can be the leading source for many jurisdictions, constituting 25% to 35% of a state’s revenue.
BurklandAssociates
FEBRUARY 1, 2022
1. Who is the Startup’s Banking Partner? A startup should have a business account with a bank that specializes in startups. Startup Banking Dos & Don’ts Open a bank account Read More. The post How to Lower Your Investment Risk in a Startup appeared first on Burkland.
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CPA Practice
JANUARY 31, 2022
Thanks to the many tax deductions available to small businesses, self-employed taxpayers have a lot of business income-boosting opportunities to consider.
Accountant Advocate Submitted Articles
FEBRUARY 2, 2022
Tribal knowledge can be a big problem – especially for accounting departments if you don't know how to spot it, capture it and correct it. Learn the best practices for capturing tribal knowledge.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
TaxConnex
FEBRUARY 1, 2022
One of the next big trends in sales tax is one you should start thinking about: states taxing digital advertising. Right now, a little more than two-thirds of states with a sales tax impose a tax on the sale of such digital goods as videos and music. In an ever-increasing expansion of the tax base, last year Maryland lawmakers overrode a gubernatorial veto and greenlighted a digital advertising tax, the first of its kind in the nation.
Acterys
JANUARY 31, 2022
DEAR Inventory is an incredible order and inventory management platform designed to provide complete back-end management solutions for small and medium-sized businesses, especially manufacturers and ecommerce retailers and wholesalers. It helps businesses build automated processes to manage inventory and orders, provides modules for accurate accounting and reporting, and ensures greater productivity and smarter decisions through near real-time data for sales, inventory, and finance.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accountant Advocate Submitted Articles
FEBRUARY 4, 2022
Payroll is a complex business function that comes with minutia, and as businesses grow, payroll can get harder to manage. Avoid these expensive mistakes in your payroll.
xendoo
JANUARY 31, 2022
Are you a small business owner? If so, you may be looking for advice on filing your Schedule C. The IRS Schedule C is used by sole proprietors and single-owner LLCs to report your small business taxes and is part of your personal tax return. We understand that business taxes can seem confusing, if not overwhelming. That’s why we’re here to help you with filing your Schedule C so you can stay in compliance and get back to business.
Withum
FEBRUARY 2, 2022
Major government programs like the Paycheck Protection Program (PPP) and the Restaurant Revitalization Fund (RRF) are no longer open for business. Yet one government program – the Employee Retention Credit (ERC) – is still available to restaurant owners who are looking to cash in on tens if not hundreds of thousands (or even millions) of dollars in tax refunds.
ThomsonReuters
FEBRUARY 2, 2022
With more than 144.3 million individual taxpayers and 31.7 million small businesses in the U.S., the potential market available to tax and accounting firms is massive. However, finding individual and small business clients is more challenging, particularly for those just starting out. Here are a few ways you can market your firm’s services to individuals and small businesses.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
CPA Practice
FEBRUARY 2, 2022
Pairing constantly changing tax laws with the stress of an increased workload can negatively affect your concentration and effectiveness. In fact, studies show that it can take more than twenty minutes to get back on task after an interruption.
xendoo
JANUARY 31, 2022
New Year, New Tax Requirements. Do you use apps like Zelle, Venmo, and Cash App to accept payments from customers? How are you reporting those earnings? In the past, although all business owners were required to report their earnings on their Federal Tax Returns , only those who received payments of $20,000 or more through payment apps also reported their earnings using Form 1099-K.
Withum
FEBRUARY 2, 2022
What to Know About Office 365 Price Increases, Licensing Commitments and How to Lock in Your Current Price. Microsoft announced a few months ago that they have re-imagined the way organizations will transact and subscribe to its fast-growing cloud solutions. This latest initiative is known as the New Commerce Experience , aka NCE. Microsoft’s goal is to provide more flexibility with monthly or annual terms to procure software subscriptions to meet the needs of today’s changing business.
ThomsonReuters
JANUARY 31, 2022
The latest disruption hitting corporate trade and supply chain teams comes barely on schedule from the World Customs Organization (WCO) — and has created headaches for all companies engaged in international trade. The WCO updates the Harmonized Commodity Description and Coding System, commonly known as the Harmonized System (HS) , every five years.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
IgniteSpot
FEBRUARY 1, 2022
Small-business owners are deeply involved in daily operations, including customer service, innovation, new client acquisition hiring, and, yes, making money. But tax time throws a wrench into their entire workflow.
CPA Practice
JANUARY 31, 2022
The Readers' Choice Awards give our readers the opportunity to spotlight the technologies they most rely on and trust to manage their firms, provide client services, and help those clients run their businesses.
Withum
FEBRUARY 2, 2022
Withum is proud to announce that Sareena Sawhney , Principal in the Forensic and Valuation Services group, has been appointed Vice Chair of the Directors & Officers (D&O) and Trustee Errors & Omissions (E&O) Committee for the Professional Liability Defense Federation (PLDF) Organization. At the PLDF, Sareena will assist in serving as an advocate for the committee and help in attracting new members to the committee.
ThomsonReuters
JANUARY 31, 2022
Supply chain sourcing and management strategies are taking center stage as corporate stakeholders — including customers, employees, investors, and government regulators — push companies with global supply chains to make progress on their global Environmental, Social and Governance (ESG) commitments. Reuters Events and Thomson Reuters ONESOURCE explored the pivotal role of procurement and supply chain professionals during the recent virtual event, “ Powering Your ESG Strategy through Sourcing an
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
SkagitCountyTaxServices
FEBRUARY 2, 2022
With all of the extra year-end bookkeeping and tax matters your business is trying to tackle right now, a social media storm is the last thing you need/want to deal with. But it’s sadly the sort of thing that will not go away by itself. And how to deal with negative reviews is something Skagit County business owners like you need to be thinking about.
CPA Practice
JANUARY 31, 2022
That verification requirement will soon be required for all taxpayers to view other personal tax documents on the IRS website. Although ID.me is widely-used, including by other government entities, and is generally considered secure, the thought of.
Withum
FEBRUARY 1, 2022
Martini Partners, LLC , a public accounting firm headquartered in Encino, CA, joined its practice with Withum, a nationally recognized CPA and advisory firm with 18 offices and annual revenue of $360M, ranking in the top 25 firms in the country. Steve Martini , Founding Partner, Kevin Holmes , Assurance Practice Leader, Christopher Passmore , Managing Partner of Martini Partners, and 50 additional team members will be added to the Withum roster and remain at their current location.
ThomsonReuters
FEBRUARY 3, 2022
IRS Publication 502 (Medical and Dental Expenses (for 2021 Returns)); IRS Publication 503 (Child and Dependent Care Expenses (for 2021 Returns)). Publication 502. Publication 503. The IRS has released updated versions of Publications 502 and 503 for the 2021 tax year. Publication 502 describes the medical expenses that are deductible by taxpayers on their 2021 federal income tax returns.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
GrowthForceBlog
FEBRUARY 4, 2022
7 min read. At a glance, one might think that – due to their different products, services, people, ideas, and industries – all small businesses are too different to arrange into any particular categories.
CPA Practice
JANUARY 31, 2022
From safety to tech, taxes and marijuana, the regulatory compliance experts at Paychex have developed a list of the top issues business owners and managers should keep up on as they run their businesses and manage the impacts of the COVID-19 pandemic.
Withum
FEBRUARY 3, 2022
Last week I presented some opinions about last year’s market performance. Here are some more comments where I use illustrations from three articles that appeared in Barron’s. I read Barron’s weekly, enjoy reading it and find valuable news and information in it and highly recommend it to anyone interested in keeping up with what is going on in the stock and bond markets.
ThomsonReuters
FEBRUARY 3, 2022
IRS Form 8889 (Health Savings Accounts (HSAs)) and Instructions (2021). Form 8889. Instructions. The IRS has released the 2021 version of Form 8889 (Health Savings Accounts (HSAs)) and its instructions. HSA holders (and beneficiaries of deceased HSA holders) must attach Form 8889 to their Forms 1040, 1040-SR, or 1040-NR to report tax-related events affecting their HSAs, including contributions and distributions.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
AccountingDepartment
FEBRUARY 3, 2022
If you run a business, then you already know how important cash flow is to your operations. You need cash flow to keep the lights on, pay your employees, and cover material costs. You have to spend money to make money, right? And the only way you can spend money is if you have a healthy cash flow in your business. Good cash flow has two primary characteristics: it's positive and predictable.
CPA Practice
JANUARY 31, 2022
Sales transactions are presumed taxable in states with a sales tax (unless there’s a specific exemption or exclusion), most states haven’t yet clarified which sales tax laws apply to sales made in the metaverse. When will they start?
Withum
JANUARY 31, 2022
Protecting Yourself from the worst that could happen to your finances is the subject of my 42nd annual financial program that I am presenting on Sunday at 10:00. Bad things can happen to your money, investments and financial security. Some by neglect, misjudgment, inattention or inaction and some by theft and cyber scams. Some by dishonest advisors and people who are supposed to be trusted, or by hyperinflation, government intervention in personal financial activities, unfair abruptly changing t
GrowthForceBlog
FEBRUARY 1, 2022
7 min read. Running a successful business is no simple feat. You not only need to be an expert in whatever it is you do, but also in operating a business.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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